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<Research>M Stanley Expects CHINA MOBILE (00941.HK) Traditional Biz to Grow Steadily w/ TP $85
CHINA MOBILE (00941.HK)'s 4Q25 service revenue grew by 0.5% YoY to RMB212.4 billion in 4Q25, roughly in line with expectation, Morgan Stanley published a research report saying...
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<Research>M Stanley Expects CHINA MOBILE (00941.HK) Traditional Biz to Grow Steadily w/ TP $85
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CHINA MOBILE (00941.HK)  +0.550 (+0.710%)    Short selling $228.99M; Ratio 11.506%   's 4Q25 service revenue grew by 0.5% YoY to RMB212.4 billion in 4Q25, roughly in line with expectation, Morgan Stanley published a research report saying.

EBITDA increased by 1.8% YoY, 0.3% lower than the broker's estimation, while profit margin improved by 1.2 ppts YoY to 34.6%. Net profit fell by 30% YoY to RMB21.7 billion, mainly due to tax impact following the disaggregation of the package service. Its full-year DPS was $5.27, up 3.5% YoY, implying a dividend payout ratio of 75%.

Related News Citi: CHINA MOBILE (00941.HK) EBITDA Largely In Line with Expectations; Maintains 'Buy' Rating
Morgan Stanley added that CHINA MOBILE's traditional business aims for stable growth, and viewed computing power and AI as future growth drivers. The Company believed that the data volume required for AI agents is 50-100x higher than before, and aimed to become a data generator, transmitter and application adopter in the AI agent era.

Therefore, the broker kept rating at Equalweight on CHINA MOBILE, with a target price of $85.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-03-27 16:25.)

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